激进投资者Elliott公开对决丰田集团：反对丰田工业私有化 力推独立运营发展方案

Group 1 - Elliott Investment Management opposes Toyota Industries' privatization proposal, urging minority shareholders to reject the offer and suggesting that independent operation could yield higher value [1] - Elliott claims the intrinsic net asset value per share of Toyota Industries is as high as 26,000 JPY, significantly exceeding the revised acquisition offer of 18,800 JPY from the Toyota Group [1] - The market remains skeptical about the valuation of Toyota Industries, despite the increased valuation to 6.1 trillion JPY (approximately 39 billion USD) following the bid [1] Group 2 - Elliott has proposed an independent operational development plan for Toyota Industries, recommending measures such as divesting cross-shareholdings, integrating business segments, optimizing capital allocation, and advancing governance reforms to raise the per-share valuation to over 40,000 JPY by 2028 [1] - The acquisition offer period started on January 15 and will last until February 12, with the potential outcome of Toyota Industries being incorporated under Toyota Real Estate, led by Akio Toyoda, who is also the chairman of Toyota Motor [2] - Concerns have been raised regarding the transparency of the acquisition, as it could reinforce the founding family's control over the company and potentially become one of the largest mergers globally [2]